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Monthly Archives: December 2015

Doing justice to its number 1 ranking in proving end-to-end services from concept to commissioning, Punj Lloyd has established a world class facility in collaboration with suitable partners to develop as well as deliver communication and network solutions and tactical communication networks.

The company has established Battlefield Management Systems, Surveillance systems, and Sighting Systems along with Radar, Avionics, Sensors and Ruggedised Electronic Equipment and Parts.

Punj Lloyd Engineering offers Engineering and Design services for all disciplines under one roof. The company caters to Plant, Product & Infrastructure sectors and has experience of working throughout the EPC, PLM and AEC life cycles.

Punj Lloyd has a matrix organization structure where each discipline is a center of excellence. This allows fostering of domain expertise, engineering talent and practice development. The project teams are responsible for resource mapping, planning and control, financial management and customer interface.

Punj Lloyd provides end-to-end services and thus, has capabilities to provide services during all the stages of the product life-cycle starting from concept design, analysis and simulation, design and detailing, manufacturing, up to after sales support.

BENGALURU: Business services group Quess is expected to tap the primary market by April 2015 to raise Rs 400 crore- Rs 500 crore after Canadian billionaire Prem Watsa, whose Fairfax Holdings controls the company, gave the green signal for a share sale.

The firm is currently working on the valuation metrics. Industry sources say it could be seeking a valuation upwards of Rs 3,000 crore. Quess Chairman & CEO Ajit Isaac, 48, confirmed that the company board has cleared the IPO plan. He added that there will be no stake sale by any of the existing investors. The IPO proceeds will be used to grow the business. Business services group Quess to hit primary market by April 2015 to raise Rs 500 crore

decision-making by the promoters slowed the pace. Rival Teamlease, meanwhile, has moved ahead and received approval from the Securities and Exchange Board of India to raise Rs 450-500 crore. Quess is expected to file its draft red-herring prospectus in about two weeks and the firm has roped in Axis BankBSE 0.51 % to lead manage the issue, assisted by ICICI Securities, IIFL and YES Bank.

Present in eight countries including the US, Canada and Malaysia, the Bengaluru-headquartered firm counts IBM, Amazon India and Samsung among its customers, and reported a net profit of Rs 58 crore last year. A fourth of its revenue comes from its overseas business.

Watsa’s Fairfax, through Thomas Cook, owns 68% stake in Quess on a fully-diluted basis. Fairfax acquired Quess in May 2013 for about Rs 250 crore. Even at the lower end of the valuation band, the Canadian billionaire would be staring at an eight-fold return on his investment in three years. Those who have watched Watsa’s style of doing business say he is known for fully backing professions running his group firms, and attracting long-term investors. Quess has diversified into areas such as industrial asset management, managed services and IT product development.

The company, founded in 2007, has made at least one acquisition every year, and widened its geographical footprint to become a multinational company with a manpower of 1.2 lakh staff.

The company’s turnover has risen from Rs 49 crore in 2008-09 to Rs 2,161 crore in 2014-15. Post IPO, Thomas CookBSE -0.51 % will own less than 60% of Quess, and Isaac and his associates about 25%.

China is ranked 84 and Pakistan is at 138th place. Pakistan in fact has slipped 10 spots from 128 last year while China has moved six spots in a year from 90 since the last report.

It may have become easier for Indian businesses to start a business, but their access to credit and ease of paying taxes has worsened, according to the World Bank’s Doing Business Report 2016. India now ranks 130 out of 189 countries in the ease of doing business, moving up four places from last year’s adjusted ranking of 134.The rankings for both the years are part of a revised methodology adopted by the bank. India improved its position on three counts—starting a business, getting construction permits and accessing electricity—in the latest edition of the Ease of Doing Business Index, but saw its performance worsen with regard to two parameters—accessing credit and paying taxes.In the areas that India’s performance has improved, the biggest improvement was under the head of ease of ‘access to electricity’, where it moved up 29 spots to 70.Here, though, the assessment in the study that focused on the challenges faced by a business house in obtaining a permanent electricity connection for a newly constructed warehouse, was limited to the city of Mumbai, which has the best electricity distribution utilities operting in the country.Another cause of concern was that the ‘getting credit’ ranking has slipped from 36 to 42, implying that it has become much more difficult to get credit in India despite the government’s efforts at financial inclusion and pushing ease of credit delivery.It also slipped one spot in the criteria of ease of paying taxes.India moved up nine spots in the criteria of starting a business to 155 in 2016 from 164 last year and its ranking for dealing with construction permits also moved up one spot to 183. In other segments such as protecting minority investors, registering property, trading across borders, enforcing contracts and resolving insolvency, India’s rankings remained the same as last year.However, in the area of protecting minority interests of shareholders, India is ranked at eight, its best ranking across all parameters.The NDA government has announced its plans to resolve insolvency issues and enforcing contracts through legislations such as the bankruptcy law and public contracts dispute resolution bill— areas where it is languishing in the overall Ease of Doing Business rankings.India is ranked 178 in the parameter of enforcing contracts and 136 on the parameter of resolving insolvency.“In the past year, India eliminated the paid-in minimum capital requirement and streamlined the process for starting a business. More reforms are ongoing—in starting a business and other areas measured by Doing Business—though the full effects are yet to be felt,” the World Bank has said.

In what seems, by all accounts, to be a messed up examination by Mumbai Police, Salman strolls free of his 13 year old at fault crime charges. The HighCourt, on ninth Dec,2015, subdued the instance of ‘Tipsy Driving‘ against the whiz on the record of absence of proof. The offended party couldn’t demonstrate the charges past sensible questions, so said the judge and out strolled Salman, disposing of the legitimate noose around his neck. From that point forward, Media has been overwhelmed with individuals’ sentiments fans communicating their joy whilst numerous transparently reprimanding the judgment. The greater inquiry, be that as it may, even now stays unanswered. 1 individual had passed on in the mishap. The auto more likely than not been driven rough terrain by somebody if not Salman. Shouldn’t there be a further examination in the matter and equity be served to the groups of the expired and harmed casualties? This draws the consideration towards a strikingly differentiating situation where Subrata Roy of Sahara India Parivar has been in prison for more than 21 months for obviously a charge that is not in the least grim when contrasted with what Salman had been blamed for.

So this raises the eyebrows. Why isn’t the ‘Terrible Boy‘ of Bollywood in Jail for clearly slaughtering a man while a business visionary who gave employments to more than 12 lakh individuals and made his organization an International Conglomerate has been restricted to the dividers of a phone. Ravindra Patil, the witness for the situation who affirmed against Salman Khan lays perished and consequently his announcement holds no potential. It is surprising why Salman Khan is absolved of the at fault manslaughter allegation while Subrata Roy of SaharaIndia is as yet attempting to outfit a safeguard.

Indeed, even following 68 years of autonomy, Judiciary framework in India still has a plenty of escape clauses which, the purported inevitable legal counselors are capable at abusing. They whirl the cases into situations where an auto, driven by no human, appears to veer go dirt road romping and destroy five individuals mulling over the asphalt. This shows towards a biased legal. Some place trampled underneath the empty abundance of Salman Khan Fans lays a whispered request of equity by the survivors of that occurrence and group of the perished.

Bhushan Steel Ltd. is one the leading entities in the Indian Steel industry. The company has established benchmarks of success and excellence in the Indian steel industry and emerged as the 3rd largest Secondary Steel producer in the country with a production capacity of 5.6 million ton per annum. It deals in a wide range of products like Hot Rolled Coil, CRCA, CRFH, Galvanized Coil and Sheet, Galume Coil and Sheet, Color Coated Coils, Color Coated Tiles, High Tensile Steel Strips, Hardened & Tempered Steel Strips, Precision Tubes, HFW/ERW Pipe (API Grade),3LPCoated Pipes, Billets and SpongeIron. Since its inception, the company has achieved considerable success. In the year 1987, Bhushan Steel acquired Jawahar Metals at Sahibabad. The plant got 20HI MILL, CRM complex, and its first galvanizing line during 1990-1992. In next year Flux Line was installed at Sahibabad. The company installed the Hitachi 6HI Mill and Skin Pass along with a second Galvanizing Line in the year 1994. Later, during 2000-2003, Bhushan Steel Ltd. started its second plant of BSL at khopoli.maharashtra with narrow and wider CRM,tube and power plant. Further addition narrow CRM and Hydrogen based bell annealing furnace were made to the Sahibabad plant.

The starting of the Odisha plant in 2004 was one of the biggest milestones in the journey of Bhushan Steel. The phase one included the installation of BILLET CASTER, DRI, SMS-I and a power plant. A blast furnace, cokeoven-I, sinter-I, conarc, caster and hot strip milla were installed in the phase two of the Odishaplant. The company added Galumeand ColorCoatingLine were added to Sahibabad Plant in 2010. During 2014-2015 the hardening and tempering line were added to the Sahibabad plant.